We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Mortgage Deed?
Zoetoes
Posts: 2,496 Forumite
I am using my right to buy and have received my mortgage offer from Halifax, I have instructed and solicitor and paid search fees.
I have received the mortgage deed to sign and have a witness sign also.
How long is it likely to take to complete from now? And can I exchange contracts and complete same day with it being a right to buy?
Thanks
I have received the mortgage deed to sign and have a witness sign also.
How long is it likely to take to complete from now? And can I exchange contracts and complete same day with it being a right to buy?
Thanks
If you're going to stalk me, while you're at it can you cut the grass, feed the dog & make sure I've got bread & milk in 
0
Comments
-
Can be anything between a few weeks to a few months.
Typically Local Councils slow this process down...
What is the motivation for exchange and completion on same day?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it.This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
There is no exchange in the RTB process - the council sets the day of completion and that's it (varies wildly by Council as to what they set - I know at least a couple who only complete on one set day of the month).Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
-
we used the right to buy and it took us a couple of months to complete. the council seemed to drag it out. its as though they wanted as much rent before they had to sell but, hopefully yours will be much quicker:D0
-
Can be anything between a few weeks to a few months.
Typically Local Councils slow this process down...
What is the motivation for exchange and completion on same day?
Just that I read in the notes about sometimes being able to do so, the sooner the better really.If you're going to stalk me, while you're at it can you cut the grass, feed the dog & make sure I've got bread & milk in0 -
Senior_Paper_Monitor wrote: »There is no exchange in the RTB process - the council sets the day of completion and that's it (varies wildly by Council as to what they set - I know at least a couple who only complete on one set day of the month).
Hopefully will be a bit quicker then.If you're going to stalk me, while you're at it can you cut the grass, feed the dog & make sure I've got bread & milk in0 -
Are you worried that your mortgage offer will expire?
What stage are you at with the council? Have you got your legal documents yet?
The council is not allowed to delay you. You can serve a Notice of Delay on them if they and they will have 1 month to submit the documents for the next stage.
If you are worried your mortgage offer will lapse, just serve the Notice on the council just in case.
It's called RTB6 and you can download it from DCLG website.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.8K Banking & Borrowing
- 253.8K Reduce Debt & Boost Income
- 454.7K Spending & Discounts
- 245.9K Work, Benefits & Business
- 601.9K Mortgages, Homes & Bills
- 177.7K Life & Family
- 259.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards